I Serving Clients
Sales Tax Colorado offers
high-quality, value-added Sales & Use Tax consulting services to businesses doing under
$250,000 annually to Fortune 1000 companies with revenues in the billions. We identify and resolve
Sales & Use Tax exposure and overpayment while implementing sound compliance procedures and
legal tax reduction strategies. For example, our team of specialists provides Audit Advocacy to
minimize assessments and to protect clients from unknowingly giving auditors too much information
In cases of Sales & Use Tax
exposure for companies not yet registered with or discovered by various states, we negotiate
anonymous Voluntary Disclosure Agreements seeking to eliminate or reduce penalties and interest,
and to resolve prior tax liability. Our Reverse Audit services can help clients discover and
recover prior overpayments. This can generate cash refunds or credits plus future cost savings
through the correction of past compliance errors.
We do not have a lot of direct
experience in each of our service areas, but we are confident in our ability to apply our knowledge
and related experience to serve clients well. Our fee structure reflects this so clients get the
benefit of our specialized knowledge and services without paying the higher price of other more
experienced firms. We involve others as needed. Our core services include:
Please keep in mind, there are no
"one size fits all" solutions. Careful evaluation of your particular situation, the
dollar amount at stake, and the states involved is needed to find the best alternative or
combination of alternatives to address your needs. The following is an overview of our Sales &
Use Tax services:
Assistance & Advocacy
Audit Defense - When Auditors Knock, We Answer!
We provide you with professional representation before state and local tax departments. Our
professionals represent you in what could otherwise be a more costly and time consuming audit. We
respectfully but firmly deal with auditors through proactive approaches and knowledge of the law
and your business. We do not presently have much direct audit defense experience, but we have been
successful. Having professional representation alone is beneficial plus knowing what to prepare for
can be invaluable. If we need to involve more experienced/ higher priced professionals, we will
recommend such. >>> continue
Respond To Notices / Dispute Assessments - Been
Assessed Or Notified! Now What?
Many times state tax departments send bills that are wrong or grossly overstate the amount owed. We
can help resolve these notices and prevent you from paying money that you don't owe.
Letter Ruling Requests - Uncertainty? In A Gray Area? Get A Binding Determination.
We can obtain from the various state tax departments binding letter rulings on how the tax law in a
given state applies to a specific transaction or set of facts.
Refute Responsible Person Assessments - Should You Really Be On The Hook?
State tax departments are notorious for personally going after corporate officers, owners and
employees for the corporation's back taxes. We help dispute these Responsible Person
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& Use Tax Diagnostic Review
Diagnostics Analysis - Hidden Areas Of Tax Exposure
We will gain an understanding of your business, identify areas of Sales Tax exposure or potential
risk, quantify such, and recommend solution alternatives. Such reviews are often called Operational
Reviews or Compliance Reviews depending upon their nature and depth. Take our
free survey to
determine your Sales & Use Tax status.
Nexus Reviews - Growth & Expanding Operations? New Markets? More
We'll conduct a Nexus Review of your business operations and activities to determine which states
can require you to register and collect Sales Tax on their behalf. Where liabilities are
discovered, we'll advise you on the materiality and alternatives to best handle these matters with
the various states involved.
Due Diligence - Purchasing Another Business? Don't Get Caught Owing Their
We analyze the books, records, and procedures of a target company to identify potentially
undisclosed Sales & Use Tax liabilities, providing you with protection from successor liability
and the leverage to renegotiate if needed. States often reject purchase contract language and
require their own forms and procedures for transfer of prior liability. Even the best
attorney-prepared contract can be meaningless in protecting the purchaser from inheriting the
seller's prior Sales & Use Tax liabilities. We assist in identifying and properly complying
with state requirements to avoid assumption of prior Sales Tax liabilities. >>>
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Voluntary Disclosure Agreements - At Risk? Act
First And Benefit.
If your company has not registered, been contacted, or filed Sales & Use Tax returns with a
given state for prior periods, and you have Sales Tax exposure, there are ways to resolve or
minimize prior Sales & Use Tax liabilities. Most states will allow us to negotiate on your
behalf while you remain anonymous. This often results in a significant reduction of liabilities
through limiting the look-back period, abatement of penalties, and reduction or elimination of
interest assessments. In addition to negotiated agreements there are other registration
alternatives designed to minimize prospective exposure.
Streamlined Sales Tax Agreement (SST) - What Is It? Can You Benefit?
The Streamline Sales Tax ("SST") is an initiative undertaken by many states for the
purpose of trying to reduce the administrative work and expense businesses incur complying with
state and local Sales & Use Tax laws. Upon becoming members, SST member states are required to
offer full amnesty for a period of one year in exchange for voluntary SST registration. However,
SST registration can significantly increase your multistate compliance responsibilities. Also, some
of the SST member state amnesty periods have expired. Accordingly, a careful cost/benefit analysis
should be performed before registering under the SST. We assist clients in evaluating whether SST
registration is right for them.
Penalty / Interest Abatements - Challenging Assessments Can Payoff.
If your company is already registered in a state and Voluntary Disclosure Agreements do not apply,
there still may be some viable alternatives available to limit interest or penalties that are
typically added to a tax assessment by state tax departments. We will work with your company and
the state to get penalties and interest charges waived or reduced.
Offers-In-Compromise - Unreasonable Or Unaffordable Assessment?
If you cannot afford to pay an outstanding tax liability, state tax departments typically have
programs that may allow you to resolve your debts and make a clean start. We can advocate your
eligibility for these programs. >>> continue
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Sales Tax Planning And Consultation
Sales Tax Colorado provides technical direction
to assist in determining how the Sales & Use Tax laws apply to your specific business. We can
also do an in-depth evaluation of your current and potential future business activities to provide
alternatives that may position your business to take advantage of exemptions or to derive a future
Sales or Use Tax benefit. This planning can include options such as restructuring an entity or
transaction to legally qualify for Sales or Use tax exemptions or exclusions. We will advise you of
ways to legally reduce the amount of tax due on a transaction or ways of saving your tax dollars.
Corporate Startup / Expansion Consulting - New? - Got Sales Tax Covered? Growing? - Keep Up On
Registrations, Taxability And Exemptions.
Sales Tax issues affect personnel in Accounting, Accounts Receivable, Accounts Payable, Billing,
IT, Purchasing, Tax and various other departments. A proper understanding of Sales & Use Tax
laws and the associated procedures will help ensure the business' success and minimization of the
New markets, products or services raise taxability and nexus issues, as well as additional
collection requirements. In today's world of inconsistent, constantly changing Sales Tax laws and
aggressive states trying to fill their revenue coffers, businesses simply cannot afford to rely on
the status quo. Sales Tax Colorado can keep a new or expanding business in compliance and ensure
they only collect and pay Sales & Use Tax when warranted.
Resale And Exemption Certificate Consulting - Get A Handle On This Important Area.
"It's taxable unless proven otherwise." This is heard all too often. The burden is on
business not only to receive properly completed exemptions certificates, but to maintain and be
able to retrieve them years later.
When auditors review your invoices and purchases, they'll require supporting documentation when tax
wasn't charged or paid. If your customer was exempt, but you can't retrieve the certificate to
prove it, you could owe the tax plus penalties and interest! The large volume of certificates to be
managed by some businesses can be overwhelming.
Our professionals will review and test your procedures and recommend appropriate solutions to
ensure your protection.
Taxability Matrices And Technical Memoranda - Don't Over Collect Or Remit. Know What's
We will develop tax matrices and/or procedures to enable your personnel to make proper taxability
decisions. This may also uncover compliance areas where over or underpayments have occurred and a
prior liability or refund opportunity exists. The matrices can be used in quantifying any prior tax
liabilities and/or overpayments. We can provide clarity with respect to taxability issues that may
be difficult to abstract from regulations and prior court rulings. When needed, we can seek binding
interpretation directly from the state based upon your specific circumstances.
Compliance Software Solutions - Is Automation Right For You?
Sales growth, new geographic markets, or an increase in products and services often trigger
consideration of automating some or all of the compliance functions. This can include determining
taxability and correct tax rates to charge, managing exemption certificates, completing required
The investment in the software can be significant even before integrating it and involving your IT,
Accounting, Tax and other personnel. Making the wrong choice can easily turn the investment into a
Call on us for help determining what level of automation you need and which vendor's products are
right for you.
Large Transaction Structuring & Consulting - Don't Over Pay Taxes!
When the stakes are high, our professionals can often recommend proven strategies to eliminate
taxability of a transaction or to defer the taxes over time. Deferrals allow the purchaser to sell
the asset later having only paid a portion of the Sales or Use Tax otherwise due.
Outsourcing & Automation Consulting - Is Doing It All In-House The Best Option? Want More
Time For Your Core Business?
Outsourcing is commonplace in today's world of business. Reducing or eliminating non-core
activities allows personnel to focus on the critical success factors driving your business. Sales
Tax compliance such as return preparation and filing can be a great candidate for outsourcing.
Some firms want to continue handling some or all of their Sales Tax compliance internally, but do
not possess the correct tools. Our specialists can help determine if automation or full or partial
outsourcing is the right solution for you. We'll also help ensure the vendor providing the desired
solutions is a good fit for your needs and systems. >>> continue
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Refund Reviews / Claims
Refund Review / Reverse
Audits - Missing Exemptions? Overpaying? Get it Back!
Many companies unknowingly overpay their taxes. By understanding your process and reviewing your
records, we can help you identify exemptions or overpayment errors, obtain a refund of these taxes,
and help avoid future overpayments. Such refunds are often overlooked by state auditors, but when
discovered by our professionals, they can partially offset or sometimes turn an assessment into a
net refund. >>> continue
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us today for a no-obligation
consultation about your Sales & Use Tax issues.